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Who Is Pedro Alliana? Paraguay’s New President Following Santiago Pena's Impeachment

The Senate ousted Santiago Peña after a banking crisis and protests, and Alliana will serve the rest of the term through August 2028.

  • Vice-President Pedro Alliana became president of Paraguay after the Senate impeached and removed Santiago Pena amid a banking crisis that triggered significant political backlash.
  • Street protests in Asuncion earlier this week stemmed from questions regarding the supervision of major lender ueno, prompting the central bank chief's resignation on Nov 3.
  • Alliana, a longtime Colorado Party leader, previously represented the Neembucu department in the Chamber of Deputies, climbing political ranks alongside former president Horacio Cartes.
  • Mariano Machado, Americas principal analyst at Verisk Maplecroft, said an Alliana presidency means policy continuity, dependence on Cartes, and a weak mandate.
  • Alliana touted close relations with the Trump administration and the Shield of the Americas initiative for combating organized crime, while maintaining formal diplomatic support for Taiwan and Israel, one of 12 countries with ties to the island.
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By Anabella González, CNN en Español Pedro Alliana left his place in the vice presidency on Friday to assume as the new president of Paraguay for the next two years, in the midst of the political crisis after the dismissal of Santiago Peña due to the conflict and closure of Ueno Bank, a private entity to which

·Idaho Falls, United States
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Illustrative image Photo: PexelsChancellaria do Paraguay sees country strengthened after Ueno crisis and impeachment of Peña

The new president of Paraguay, Pedro Alliana, announced that customers affected by the closure of Ueno Bank will receive full compensation.

The first disbursements in the framework of the process of the return of funds to the affected savers have already been made, said the president of Paraguay, Pedro Alliana. The announcement comes in the middle of the crisis of Ueno Bank, closed entity after the deterioration of its capital and a solvency less than 50% of the legal minimum demanded.

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The Straits Times broke the news in Singapore, Singapore on Saturday, November 7, 2026.
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